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https://sgwealthbuilder.com/2025/09/18/mapletree-logistics-trust-share-price-in-confidence-crisis/
For background, Mapletree Logistics Trust (SGX: M44U) is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at 29 August 2025, it has a portfolio of 175 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam and the total value of assets under management is $13.0 billion.
FY2024/25 makes for grim reading. Due to the persistent high interest rates in 2024 and large part of 2025, borrowing costs rose 4.0% year-on-year to $38.7 million. This continued to impact MLT&rsquo s performance at the distribution level. To compound misery, DPU was also hit by lower revenue contribution from China, the absence of contribution from divested properties, and depreciation of various regional currencies.
This is indeed the perfect storm for Mapletree Logistics Trust share price. Question now is whether the management&rsquo s rejuvenation strategy is really working or making things worse? For the past 2 years, the management&rsquo s key mitigating action for its ailing China&rsquo s assets is to rejuvenate its asset portfolio but so far, the result has not been ideal. And now, unitholders are paying the price &ndash falling unit price and falling DPU. https://sgwealthbuilder.com/2025/09/18/mapletree-logistics-trust-share-price-in-confidence-crisis/
For background, Mapletree Logistics Trust (SGX: M44U) is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at 29 August 2025, it has a portfolio of 175 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam and the total value of assets under management is $13.0 billion.
FY2024/25 makes for grim reading. Due to the persistent high interest rates in 2024 and large part of 2025, borrowing costs rose 4.0% year-on-year to $38.7 million. This continued to impact MLT&rsquo s performance at the distribution level. To compound misery, DPU was also hit by lower revenue contribution from China, the absence of contribution from divested properties, and depreciation of various regional currencies.
This is indeed the perfect storm for Mapletree Logistics Trust share price. Question now is whether the management&rsquo s rejuvenation strategy is really working or making things worse? For the past 2 years, the management&rsquo s key mitigating action for its ailing China&rsquo s assets is to rejuvenate its asset portfolio but so far, the result has not been ideal. And now, unitholders are paying the price &ndash falling unit price and falling DPU. https://sgwealthbuilder.com/2025/09/18/mapletree-logistics-trust-share-price-in-confidence-crisis/